by Ben Nuelle
Farmer’s will soon harvest their 2016 soybean crop and China has committed to buying some of those beans. Buyers have committed to purchasing $1.8 billion worth of U.S. Soybeans which totals to 146 million bushels.
“China continues to be the No. 1 importer of U.S. soybeans,” says Xiaoping Zhang, USSEC country manager – China. “International buyers have many options, so the fact that Chinese buyers purchase such a magnitude from the U.S. is testament to the U.S. Soy Advantage and the quality and sustainability that it provides.”
China buyers made these commitments at an official signing ceremony held at the Global Trade Exchange in Indianapolis last week. The U.S. Soybean Export Council hosted the event.